Middesk has developed a platform that provides real-time identity verification and business credential monitoring. Their APIs enable banks, lenders, and payments companies to validate business customers, accelerate onboarding, and stay updated on changes.
Cofounders Kyle Mack and Kurt Ruppel honed their expertise in identity verification as managers at background check leader Checkr. With $80 million in funding from top VCs like Sequoia, Middesk already serves leading fintechs and banks managing over 2.5 million annual checks. But with 50-100 employees, it remains early days for their mission of "accelerating the economy by scaling trust." As the company builds products like Identity and True Industry, talented engineers and salespeople have an opportunity to grow with this fast-moving startup aiming to lead the future of verified B2B commerce.
Middesk must rapidly expand its engineering capabilities and coverage of identity products while competing for market share against well-established companies like Dun & Bradstreet and LexisNexis. Both of which offer business verification solutions to the same fintech and banking customers. Scaling quickly also poses hiring challenges as Middesk looks to grow its small 50-100 person team to match its outsized mission.
Apr 13 2022
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